Why now? Who are the the good wolves? If they are Norilsk...

Why now?
Who are the the good wolves?

If they are Norilsk ruskies buying offtake secretly through china then why rejoin buying MBN ore?
If they are the chinese steel mills like Dongfeng why shutter supply now?
If they are Vale and brasil Govt state entities, boy will they be upset right now.

Refusal to give MBN a full mining licence extension, refusal to give MBN its US$11M tax refunds, inspectors shutdown on a few minor railings instals, yet ignoring BHP tailings dam safety causing massive loss of life & property. Total incompetence.

If its the Brasil state & Vale, why couldnt they buy MBN for US$400M to save a total 2,000 jobs and a whole state region?
Maybe this is what the yanks want to shakeout?

A real shakeout.

Whoever the good wolves are they used Wellington of Boston as cover for a large onmarket buying spree of US$12M shares to 11% holding and BCEE the safest bank in Europe to buy another 5.5% of shares and a third undisclosed entity that also bought 4.9% of MBN shares on market 8c-16c since July 2014 to August 2015.
Who are they - Norilsk, Dongfeng, Vale?
Why use Wellington, why use BCEE, why offer US$30M unneeded rescue funds for months only to be rejected by the yanks who dont want to be diluted of their current shareholdings converted from debt of US400M?

So if it is Vale/Brasil state then expect a swift reaction/bid or support response now as this would be not their plan at all.
So if its Norilsk, they will lose supply and lose value of their shares if the yanks dilute or liquidate.
If its Dongfeng then they will lose Ni supply and lose value of their shares if the yanks dilute or liquidate
If its another group of the yanks themselves then they will all lose value and lose US$130Mpa income/cashflow, crazy!

Vale or brasil state could easily bid for MBN at US$500M as this would devastate a vital region in Brasil. Job losses of more like 2,000 & shutdown of Ilheus major port is not their plan, there will be blood on the streets.

Whoever these good wolves are or were, I dont think this is their plan and the yanks are now playing hardball with them. They lose value, income, supply, jobs...lose lose...how will they respond to this pressure?
Despite no real basic change to the LPM & margin basics. BRL actually lower 4.04 and NP at 3.76, same or better differential than the last few months. that cannot be the reason then.